MARTIN LUTHER HOME CORPORATION (EIN 420713635) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

BILL BROWN

Phone

5635881413

Tax Period

2021-01-01 to 2021-12-31

MARTIN LUTHER HOME CORPORATION, founded in 1949, is a mid-sized nonprofit that reported $14.5M in total revenue in fiscal year 2021. Revenue decreased 16% compared to the prior year. Expenses of $16.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE HEALTHCARE AND OTHER RELATED SERVICES FOR AGING PERSONS REGARDLESS OF THE ABILITY OF RESIDENTS TO PAY FOR THESE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $793,179

Program Service Revenue $13,663,128

Investment Income $1,214

Other Revenue $0

TOTAL REVENUE $14,457,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,049,386

Fundraising Expenses $0

Program Expenses $15,022,302

Other Expenses $6,567,614

TOTAL EXPENSES $16,617,000

Year-over-Year Comparison

	2021	2020	Change
Revenue	$14,457,521	$17,283,638	-0.2%
Expenses	$16,617,000	$16,831,731	0.0%
Net Income	$-2,159,479	$451,907	-5.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

385

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$198,165

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY CROGHAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUSTIN MILLS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN HANSEN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JIM SASS	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN MCKEAG	DIRECTOR	2.00	Director	$0	$0	$0
MARV COCAYNE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA RANK	DIRECTOR	2.00	Director	$0	$0	$0
MARK ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SCHEMER	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA BARKER	DIRECTOR	2.00	Director	$0	$0	$0
DAN UNMACHT	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS WAUGH	DIRECTOR	2.00	Director	$0	$0	$0
KRISTI STEINBECK	DIRECTOR	2.00	Director	$0	$0	$0
JANET WARREN	EXECUTIVE DIRECTOR	40.00	Key Emp	$165,283	$32,882	$198,165

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$14,457,521	$16,617,000	$31,205,547	$-2,159,479
2020	$17,283,638	$16,831,731	$34,357,421	$451,907
2019	$15,144,397	$16,698,811	$35,513,700	$-1,554,414
2018	$13,681,608	$15,779,702	$36,157,466	$-2,098,094

MARTIN LUTHER HOME CORPORATION